RE: "I have said many times this is a classic value trap."5 Dec 2019 16:02
I doubt they’d be able to get another rights issue away like they did in May - that was mostly taken up VH’s mates, now they are jumping ship as they realise this is in desperate need of a rescue. It might be sufficiently capitalised right now, but the market is a forward looking mechanism and can clearly see it will run out of cash in the near future.